CenterBook Partners LP Acquires New Shares in Atlas Energy Solutions Inc. (NYSE:AESI)

Key Points

• CenterBook Partners LP has acquired a new position in Atlas Energy Solutions Inc., purchasing 63,181 shares valued at approximately $1,127,000, representing about 0.05% of the company.
• Several institutional investors, including Wells Fargo and Envestnet Asset Management, increased their holdings in Atlas Energy Solutions significantly during the fourth quarter.
• Atlas Energy Solutions announced a quarterly dividend of $0.25 per share, with a payout ratio of 714.29%, and the dividend yield currently stands at 8.5%.

CenterBook Partners LP purchased a new position in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 63,181 shares of the company's stock, valued at approximately $1,127,000. CenterBook Partners LP owned about 0.05% of Atlas Energy Solutions as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Quarry LP acquired a new stake in shares of Atlas Energy Solutions during the 4th quarter worth approximately $27,000. Tower Research Capital LLC TRC grew its holdings in shares of Atlas Energy Solutions by 307.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company's stock worth $31,000 after purchasing an additional 1,047 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Atlas Energy Solutions by 1,240.1% during the 1st quarter. Fifth Third Bancorp now owns 1,970 shares of the company's stock worth $35,000 after purchasing an additional 1,823 shares in the last quarter. Larson Financial Group LLC boosted its stake in Atlas Energy Solutions by 201.8% in the 1st quarter. Larson Financial Group LLC now owns 1,968 shares of the company's stock valued at $35,000 after buying an additional 1,316 shares in the last quarter. Finally, Canton Hathaway LLC acquired a new stake in Atlas Energy Solutions in the 1st quarter valued at $73,000. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. Citigroup decreased their price target on Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Stifel Nicolaus decreased their price target on Atlas Energy Solutions from $14.50 to $14.00 and set a "buy" rating on the stock in a research note on Monday. Piper Sandler reaffirmed a "neutral" rating and issued a $16.00 price target on shares of Atlas Energy Solutions in a research note on Tuesday, July 15th. Finally, Royal Bank Of Canada decreased their price target on Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $19.06.

Atlas Energy Solutions Price Performance

Atlas Energy Solutions stock traded up $0.32 on Tuesday, reaching $11.81. The company's stock had a trading volume of 616,193 shares, compared to its average volume of 1,731,740. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 84.26 and a beta of 1.19. Atlas Energy Solutions Inc. has a twelve month low of $11.34 and a twelve month high of $26.86. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.56. The business's fifty day moving average price is $13.58 and its 200 day moving average price is $15.67.

Atlas Energy Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.5%. Atlas Energy Solutions's payout ratio is presently 714.29%.

Insiders Place Their Bets

In other news, Chairman Ben M. Brigham bought 9,635 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was bought at an average price of $13.38 per share, for a total transaction of $128,916.30. Following the completion of the transaction, the chairman directly owned 572,397 shares in the company, valued at $7,658,671.86. The trade was a 1.71% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Douglas G. Rogers bought 7,000 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were purchased at an average price of $13.27 per share, with a total value of $92,890.00. Following the transaction, the director owned 10,000 shares of the company's stock, valued at $132,700. The trade was a 233.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 15.98% of the company's stock.

Atlas Energy Solutions Company Profile

Atlas Energy Solutions Inc engages in the production, processing, and sale of mesh and sand that are used as a proppant during the well completion process in the Permian Basin of Texas and New Mexico. The company provides transportation and logistics, storage solutions, and contract labor services. It sells its products and services to oil and natural gas exploration and production companies, and oilfield services companies.